The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is MCQ with Answer and Explanation

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The rate at which Rs. 1233000 amounts to Rs. 1602900 in 3 years is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 369900. R = (369900 × 100)/(1233000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

In how many years will Rs. 1701000 amount to Rs. 2381400 at 8% simple interest?

A. 4 years

B. 5 years

C. 7 years

D. 6 years

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Correct Answer: Option B

Explanation:
SI = 680400. T = (680400 × 100)/(1701000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

Rate for Rs. 133000 to Rs. 172900 in 4 years SI

A. 7.5%

B. 8%

C. 6%

D. 9%

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Correct Answer: Option A

Explanation:
SI = 39900. R = (39900 * 100)/(133000 * 4) = 7.5%.

This question belongs to: Maths Simple Interest

Question #3

A certain sum amounts to Rs. 16200 in 4 years and Rs. 17550 in 6 years at SI. The principal is

A. Rs. 12000

B. Rs. 13500

C. Rs. 10500

D. Rs. 15000

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Correct Answer: Option B

Explanation:
Difference 2 years = 1350. SI 1 year = 675. SI 4 years = 2700. Principal = 16200 - 2700 = 13500.

This question belongs to: Maths Simple Interest

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